usd chf weekly outlook for 28 dec to 1 jan 2016

usd chf weekly outlook for 28 dec to 1 jan 2016
dollar–swiss franc pair this week closed at 0.9870 with loss.
USD CHF weekly chart trend
is bullish but momentum is weak on profit booking in dollar.
For medium term , usd chf support zones are 0.9820 and 0.9630 levels.
On upside expect strong resistance at 1.0015 and 1.0245 levels.
For next week , traders watch 0.9820 level closly,
if breakdown happen below it then go short for big downside
target for US dollar around 0.9630 and below.
if sustain above 0.9820 then it will be fresh buying
oppertunity for target 1.0015 and 1.0245.

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Pramod Baviskar

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